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FINANCIAL NEWS
GEMS to expand in Kenya with USD300
20 Apr 2011
(MENAFN) Senior director for business operations at GEMS, Dino Varkey, said that the Dubai-based education provider eyes more expansion through adding more schools in Kenya at the value of USD300 million, reported Arabian Business.
Varkey said that the expansion comes as the school operator plans on having a total of five million students by 2024.
In addition, Varkey said that by 2024, the company plans to have a market value of USD60 billion.
Varkey also said that GEMS is looking into its options for financing the expansion and that it might launch an initial public offering (IPO).
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